Invesco Commercial Real Estate Finance Trust Raises $1.2 Billion in Latest CLO Offering

Invesco Commercial Real Estate Finance Trust Successfully Closes $1.2 Billion CLO

Invesco Commercial Real Estate Finance Trust, Inc., often referred to as INCREF, has just announced the successful closing of a $1.2 billion collateralized loan obligation (CLO) specifically related to commercial real estate. This new issuance, known as INCREF 2026-FL2, took place on June 16, 2026, and represents a pivotal development in the firm's approach to private credit solutions secured by real estate assets. This latest transaction follows the earlier issuance of INCREF 2025-FL1 in May 2025, showcasing continued growth and stability in INCREF's investment offerings.

A Strategic Move in Real Estate Finance

Scott Dennis, the CEO of Invesco Private Markets, commented on the closing, stating, "This transaction reflects the strength of our global real estate platform and our ability to leverage deep capital markets and credit expertise to deliver innovative real estate finance solutions." The demand for real estate credit has been steadily increasing, and INCREF is positioning itself to meet this demand, focusing on prudent risk management strategies. Dennis emphasized that as market conditions evolve, INCREF is committed to providing support for borrowers through various economic cycles.

The structure of this CRE CLO was facilitated by Citigroup Global Markets Inc. and is backed by a well-diversified portfolio, which includes approximately 65% multifamily loans, 30% industrial loans, 3% office loans, and 2% self-storage loans. This diversification not only strengthens the portfolio but also reflects INCREF's strategic approach to investing in various commercial real estate sectors.

Momentum in the Credit Market

Charlie Rose, the Chief Executive Officer of INCREF and Global Head of Credit for Invesco Real Estate, highlighted the significance of this issuance, stating, "This issuance underscores the continued momentum of our credit platform and reflects our ability to deploy capital across the commercial real estate credit spectrum." Rose added that the transaction was priced efficiently and received positive feedback, further validating INCREF's disciplined approach amidst a dynamic market environment.

INCREF has rapidly established itself as one of the top four investor-driven lenders in the U.S., a position attributed to its 'credit-over-yield' mandate. This unique approach has allowed the team to build strong, lasting relationships with borrowers, forging partnerships that drive mutual success.

About Invesco Commercial Real Estate Finance Trust

Invesco Commercial Real Estate Finance Trust, Inc. is a private perpetual-life real estate investment trust that specializes in originating, acquiring, and managing a diverse portfolio of loans secured by commercial real estate, predominantly in North America. The firm is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. The assets managed by Invesco Real Estate, the dedicated real estate investment arm of Invesco Ltd., reached an impressive $86.3 billion as of December 31, 2025. This specialized sector of Invesco has over 40 years of history, investing across a wide spectrum of risk-return profiles, from core investments to more opportunistic ventures.

As a major player in the global asset management landscape, Invesco Ltd. serves clients in more than 120 countries, managing assets totaling approximately $2.2 trillion as of March 31, 2026. With such scale and expertise, Invesco is well-positioned to address unique investment challenges and uncover opportunities for both retail and institutional investors.

For more information about Invesco's services and offerings, please visit www.invesco.com.